Editor Note - This is a weekly hangcast (podcast using Google Plus Hangout) organized by Man'ority Report.
Unlike a house which appreciates in value, a brand new car will lose 20% of its sticker value after you drive it off the show floor and up to 50% after four years. So to maximize your return on investment, you must plan on keeping the car for eight to twelve years. The key is proper maintenance, especially in the beginning when the engine is being broken in. Today, most high end cars come with free maintenance, mainly oil change every 10 to 12,000 miles. Is that enough? Should we do more? Benny from Nissi Motors explains that an in-between-service oil change costs less than $120, about the cost of a weekly frappuccino, but it would make a huge difference if your plan is to establish a long term relationship with the second love of your life.
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